MGM Resorts International
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 23, 2024
MGM$32.91+1.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(In thousands, except per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenues | |||
| Casino | $8,087,917 | $5,734,173 | $5,362,912 |
| Rooms | 3,500,926 | 3,057,145 | 1,690,037 |
| Food and beverage | 2,891,483 | 2,604,238 | 1,391,605 |
| Entertainment, retail and other | 1,638,183 | 1,686,236 | 1,009,503 |
| Reimbursed costs | 45,740 | 45,693 | 226,083 |
| 16,164,249 | 13,127,485 | 9,680,140 | |
| Expenses | |||
| Casino | 4,316,547 | 2,746,576 | 2,551,169 |
| Rooms | 1,017,650 | 937,272 | 600,942 |
| Food and beverage | 2,153,795 | 1,905,625 | 1,034,780 |
| Entertainment, retail and other | 1,019,830 | 1,017,817 | 617,635 |
| Reimbursed costs | 45,740 | 45,693 | 226,083 |
| General and administrative | 4,700,657 | 4,226,617 | 2,507,239 |
| Corporate expense | 512,399 | 479,118 | 422,777 |
| Preopening and start-up expenses | 415 | 1,876 | 5,094 |
| Property transactions, net | (370,513) | (1,036,997) | (67,736) |
| Gain on REIT transactions, net | — | (2,277,747) | — |
| Gain on consolidation of CityCenter, net | — | — | (1,562,329) |
| Depreciation and amortization | 814,128 | 3,482,050 | 1,150,610 |
| 14,210,648 | 11,527,900 | 7,486,264 | |
| Income (loss) from unconsolidated affiliates | (62,104) | (160,213) | 84,823 |
| Operating income | 1,891,497 | 1,439,372 | 2,278,699 |
| Non-operating income (expense) | |||
| Interest expense, net of amounts capitalized | (460,293) | (594,954) | (799,593) |
| Non-operating items from unconsolidated affiliates | (1,032) | (23,457) | (83,243) |
| Other, net | 42,591 | 82,838 | 65,941 |
| (418,734) | (535,573) | (816,895) | |
| Income before income taxes | 1,472,763 | 903,799 | 1,461,804 |
| Provision for income taxes | (157,839) | (697,068) | (253,415) |
| Net income | 1,314,924 | 206,731 | 1,208,389 |
| Less: Net (income) loss attributable to noncontrolling interests | (172,744) | 1,266,362 | 45,981 |
| Net income attributable to MGM Resorts International | $1,142,180 | $1,473,093 | $1,254,370 |
| Earnings per share | |||
| Basic | $3.22 | $3.52 | $2.44 |
| Diluted | $3.19 | $3.49 | $2.41 |
| Weighted average common shares outstanding | |||
| Basic | 354,926 | 409,201 | 481,930 |
| Diluted | 358,627 | 412,993 | 487,356 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.